FRC climate "major review"

The UK’s Financial Reporting Council (FRC) has begun a consultation on amendments to its guidance on the strategic report which aims to improve non-financial reporting by companies. The guidance was originally issued in 2014 when strategic reports were introduced.

The …

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shareholder proposals US Chamber of Commerce

No, says veteran US corporate governance activist James McRitichie, In his blog, CorpGov.net, Jim emphatically rebuts the claims made in a paper recently published by the US Chamber of Commerce’s Center for Capital Markets Competitiveness which argues that the …

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FRC climate "major review"

The UK’s Financial Reporting Council (FRC) has removed its tier three category of asset managers, which suggested they required improvement, in their adherence to its stewardship code.

The FRC launched an assessment in December 2015 of the signatories to …

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Financial Conduct Authority Senior Managers and Certification Regime

The Financial Conduct Authority (FCA) has published proposals to extend the senior managers and certification regime (SM&CR) across most regulated firms replacing the existing approved persons regime. This follows a government announcement in October 2015 that it wished to extend …

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UK revised code challenging

The UK Supreme Court has ruled that government-imposed employment tribunal fees were unlawful as they prevented access for people enforcing their statutory employment rights. These fees have now been stopped and the government will not have to refund for fees …

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European Court of Justice Germany

Germany’s laws on employee participation giving staff based in the country the right to vote for half of the membership of its supervisory board do not contravene the EU’s law on the free movement of people, the European Court of

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Financial Conduct Authority FCA Listing Regime

The  UK’s Financial Conduct Authority (FCA) has launched a consultation on proposals to create a new category within its premium listing regime to cater for companies controlled by a shareholder that is a sovereign country.

Last February the FCA launched …

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Shariah governance

The Securities and Exchange Commission of Pakistan (SECP) has required listed companies to have at least one woman director within three years which it said would lead to a doubling of the number of female directors in the country.

The …

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Financial Services Council stewardship code

Australia’s Financial Services Council (FSC) which represents the country’s fund management and pensions industry has launched an Internal Governance and Asset Stewardship Standard for investment managers and asset owners.

This is the first stewardship code introduced in Australia and the …

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UK revised code challenging

Trade union bodies, the TUC and the GMB, commented that they would have liked more radical proposals from Matthew Taylor and his team in his Good Work report reviewing modern employment practices that were published last week.

The Taylor …

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